Oil and gas pack will have sideways momentum: Alok Nanavaty

In a chat with ET Now, Alok Nanavaty, Director, Centrum Broking Pvt. Ltd., shares his investment ideas.

What is the call on oil and gas pack?

For the time being with crude prices where they are and maybe no imminent flaring up to prices of crude, the oil and gas pack will have a sideways momentum. Nothing spectacular is coming out. I would not want to have fresh positions built in there.